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Monday, July 13, 2009

Reliance MF introduces institutional plan under Reliance Regular Savings Fund-Debt Option

With effect from 13 July 2009

Reliance Mutual Fund, with effect from 13 July 2009 has introduced institutional plan under Reliance Regular Savings Fund-Debt Option, an open ended scheme. Consequently the said scheme will have retail and institutional plan and each plan will have growth and dividend plan (dividend payout and dividend reinvestment). Following changes will be made in the scheme information document of the said scheme:

Plans: Retail and institutional

Minimum application amount:

Retail plan: Rs 500 per option and in multiples of Re 1 thereafter.

Institutional plan: Rs 25 lac per option and in multiples of Re 1 thereafter.

Additional investment amount:

Retail plan: Rs 500 per option and in multiples of Re 1 thereafter.

Institutional plan: Rs 1 lakh per option and in multiples of Re 1 thereafter.

Facilities:

Retail Plan: Systematic investment plan, systematic transfer plan, dividend transfer plan, systematic withdrawal plan, trigger facility, auto debit and electronic clearing system, alternative means of redemption-Reliance any time money card, online transactions and salary advantage.

Institutional Plan: Dividend transfer plan, systematic withdrawal plan, trigger facility, alternative means of redemption-Reliance any time money card, online transactions

Reliance Regular Savings Fund-Debt Option is an open ended scheme with an investment objective to generate optimal returns consistent with moderate level of risk. This income may be complimented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in debt and money market instruments.

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